John�D.Steinmetz

Saving the Mid-Sized

Companies - Small banks

to play in the big leagues

Established as a community bank, Vista Bank is giving

out loans of up to $300 million to help save midsize

companies in Texas.

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15 location community bank is taking part in

the one of the biggest loan programs

introduced in the US.

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One of the 19 lenders in Texas to

participate in the Federal Reserve’s

Main Street Lending Program.

Vista Bank CEO John Steinmetz

says that they could do $ 1 Billion in

loans.

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PPP was introduced for companies

with less than 500 employees with a

loan amount of $10 million in total.

Main Street loans range from

$250,000 to $300 million for

companies with 15,000 or fewer

employees.

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As a requirement for the bank to take 5%

share in the program, Vista Bank could

loan out #300 million compared to the

normal lending limit of $20 million. John

D. Steinmetz, the first CEO outside the

family told that they could use the 5% rule

to go beyond the regular limit.

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“It’s given us the opportunity to compete

with big banks like Wells Fargo that are

normally too large to compete with due to

our legal lending limit,” John Steinmetz

said.

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